Hyperdrive
Chinese Truckmaker to Boost Mexico Presence With Eye on US Market
- Company also partnering with battery maker CATL in Mexico
- Executive sees Foton selling 3,000 EVs in Mexico by 2025
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Chinese truckmaker Beiqi Foton Motor Co. is planning a second plant in Mexico to manufacture electric vehicles with an eye on US exports.
The plant’s location has yet to be decided, said Roberto Talavera, director of electric vehicles at Foton in Mexico, but the states of Jalisco and Aguascalientes — already home to a number of major automotive facilities — are being carefully considered. The plant is expected to produce traditional internal combustion and electric vehicles, and be operational in 2025.